Glen Foundry Limited
03754526
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 30/09/2019
DIRECTOR
BRITISH · SCOTLAND · Age 36
Also on 6 other boards
director · Since 30/09/2019
DIRECTOR
BRITISH · SCOTLAND · Age 68
Also on 8 other boards
director · Since 30/09/2019
DIRECTOR
BRITISH · SCOTLAND · Age 55
Also on 7 other boards
Persons with Significant Control
Precision Tooling & Castings Limited
10 Spirit Aero Systems, Glasgow Prestwick Intnl Airport, Prestwick, KA9 2RW
Reg: Sc629344 · Scotland · Limited Company
Notified 19/10/2019
Former PSCs
J&Lcorrigan Limited
Ceased 12/01/2021
Ag Concepts Limited
Ceased 31/12/2024
Charges3 outstanding
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
RBS INVOICE FINANCE LIMITED
THE ROYAL BANK OF SCOTLAND PLC
THE ROYAL BANK OF SCOTLAND PLC
THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
AYRSHIRE DEVELOPMENT FUND LIMITED
AYRSHIRE DEVELOPMENT FUND LIMITED
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 105+ SIC 24530 peers76
Show leaderboard
How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2021
Turnover
£11.9M
Annual revenue
Net Worth
£4.3M
Balance sheet strength
Cash
£111k
Cash in the bank
Profit Before Tax
£870k
Bottom line earnings
Net Current Assets
£4.0M
Working capital
Current Assets
£4.7M
Current Liabilities
£720k
Fixed Assets
£677k
Debtors
£3.0M
Cost of Sales
£9.6M
Gross Profit
£2.2M
Admin Expenses
£1.3M
Operating Profit
£891k
Tax at Year End(2020)
People Costs(2020)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2021 | 6.51 | +£807k |
| 2020 | 4.78 | +£765k |
| 2019 | 3.82 | +£230k |
| 2018 | 1.75 | — |
Derived from filed accounts. Not audited figures.